Arab OGS to Network for Innovative Energy Technology Solutions

• Thursday, 26th March 2015
• by Egypt Oil & Gas

The 19th Arab Oil and Gas Show (OGS) will focus on promoting innovative solutions and technologies at this year’s event, according to Saeed Mohammed Al Tayer, managing director and CEO of Dewa, president and founder ...

Lukoil Iraq Production Up Inspite of Oil Price Slump

• Wednesday, 18th March 2015
• by Egypt Oil & Gas

The Russian company says it received a letter from Iraqi authorities to reduce cost in West Qurna-2 field due to slump in oil prices

ENOC in Bid to Buy Remaining Shares from Dragon Oil

• Wednesday, 18th March 2015
• by Egypt Oil & Gas

Dragon Oil has been made an undisclosed offer for its entire share capital by fellow Dubai-based Emirates Nation Oil Company (ENOC).

Acwa Power in $400 million Dubai Solar Power Project

• Monday, 2nd March 2015
• by Egypt Oil & Gas

Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday.

Arabtec’s Target Awarded $253 million Contracts from Saudi Aramco.

• Tuesday, 24th February 2015
• by Egypt Oil & Gas

Arabtec has won construction contracts in Saudi Arabia worth over $253 million (AED 930m) through its subsidiary Target Engineering Construction Company.

Enoc Plans for $1.5 billion Loan and Merger Activity

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday.

National Petroleum Services of Dubai Secures $200 Million for Refinancing

• Monday, 16th February 2015
• by Egypt Oil & Gas

Dubai-based oilfield services firm National Petroleum Services (NPS) has secured a $200 million refinancing deal from a group of banks and financial institutions,